QORE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
QORE
Largest movements
- Current investments +€31,540
new in 2025: €31,540
- Receivables within one year -€5,032
down €5,032 (-48.9%), from €10,289 to €5,258
of which Other amounts receivable: -€4,376
- Tangible fixed assets -€4,500
down €4,500 (-18.9%), from €23,758 to €19,258
of which Other tangible fixed assets: -€3,340
- Reserves +€31,540
up €31,540 (+10413.7%), from €303 to €31,843
- Profit (loss) carried forward -€23,400
down €23,400 (-74.8%), from €31,298 to €7,898
- Other debts +€10,114
up €10,114 (+41.6%), from €24,292 to €34,406
- Trade debts +€6,392
up €6,392 (+15.8%), from €40,385 to €46,777
- Debts after one year -€1,552
down €1,552 (-26.2%), from €5,926 to €4,374
- Gross operating margin +€7,491
up €7,491 (+15.8%), from €47,505 to €54,996
- Depreciation -€2,255
down €2,255 (-22.4%), from €10,060 to €7,805
- Financial income -€1,679
down €1,679 (-96.8%), from €1,735 to €56
of which Financial income: -€1,379
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,947 | €148,768 | +€22,820 | +18.1% |
| Fixed assets | 21/28 | €23,758 | €19,258 | -€4,500 | -18.9% |
| Tangible fixed assets | 22/27 | €23,758 | €19,258 | -€4,500 | -18.9% |
| Plant, machinery and equipment | 23 | €11,612 | €10,451 | -€1,160 | -10.0% |
| Other tangible fixed assets | 26 | €12,147 | €8,807 | -€3,340 | -27.5% |
| Current assets | 29/58 | €102,189 | €129,510 | +€27,321 | +26.7% |
| Amounts receivable within one year | 40/41 | €10,289 | €5,258 | -€5,032 | -48.9% |
| Trade receivables | 40 | €761 | €105 | -€656 | -86.2% |
| Other amounts receivable | 41 | €9,529 | €5,153 | -€4,376 | -45.9% |
| Current investments | 50/53 | - | €31,540 | +€31,540 | |
| Cash at bank and in hand | 54/58 | €91,900 | €92,712 | +€812 | +0.9% |
| Total equity and liabilities | 10/49 | €125,947 | €148,768 | +€22,820 | +18.1% |
| Equity | 10/15 | €50,201 | €58,341 | +€8,140 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €303 | €31,843 | +€31,540 | +10413.7% |
| Non-distributable reserves | 130/1 | €303 | €31,843 | +€31,540 | +10413.7% |
| Reserves not available under the articles | 1311 | €303 | €303 | = | 0.0% |
| Own shares acquired | 1312 | - | €31,540 | +€31,540 | |
| Profit (loss) carried forward | 14 | €31,298 | €7,898 | -€23,400 | -74.8% |
| Amounts payable | 17/49 | €75,746 | €90,426 | +€14,680 | +19.4% |
| Amounts payable after more than one year | 17 | €5,926 | €4,374 | -€1,552 | -26.2% |
| Financial debts | 170/4 | €5,926 | €4,374 | -€1,552 | -26.2% |
| Amounts payable within one year | 42/48 | €69,821 | €86,053 | +€16,232 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €1,479 | €1,552 | +€73 | +4.9% |
| Trade debts | 44 | €40,385 | €46,777 | +€6,392 | +15.8% |
| Suppliers | 440/4 | €40,385 | €46,777 | +€6,392 | +15.8% |
| Taxes, remuneration and social security | 45 | €3,665 | €3,318 | -€347 | -9.5% |
| Taxes | 450/3 | €3,665 | €3,318 | -€347 | -9.5% |
| Other amounts payable | 47/48 | €24,292 | €34,406 | +€10,114 | +41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,060 | €7,805 | -€2,255 | -22.4% |
| Other operating charges | 640/8 | €689 | €1,160 | +€471 | +68.3% |
| Gross operating margin | 9900 | €47,505 | €54,996 | +€7,491 | +15.8% |
| Operating profit (loss) | 9901 | €36,756 | €46,032 | +€9,275 | +25.2% |
| Financial income | 75/76B | €1,735 | €56 | -€1,679 | -96.8% |
| Recurring financial income | 75 | €1,435 | €56 | -€1,379 | -96.1% |
| Non-recurring financial income | 76B | €300 | - | -€300 | |
| Financial charges | 65/66B | €424 | €495 | +€71 | +16.8% |
| Recurring financial charges | 65 | €424 | €495 | +€71 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €38,067 | €45,592 | +€7,525 | +19.8% |
| Income taxes | 67/77 | €3,553 | €3,452 | -€101 | -2.8% |
| Profit (loss) for the period | 9904 | €34,514 | €42,140 | +€7,626 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,514 | €42,140 | +€7,626 | +22.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.